KLX Energy Services (KLXE) Stock Price, News & Analysis

Company Overview

KLX Energy Services Holdings, Inc. provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules. The company also offers coiled tubing and nitrogen services; wireline services, including pump down perforating, logging, and pipe recover; pressure control products and services; wellhead and hydraulic fracturing rental products and services; flowback and testing services; thru-tubing technologies and services; rig assist snubbing services; cementing products and services; acidizing and pressure pumping services; and downhole completion tools, such as toe sleeves, wet shoe cementing bypass subs, composite plugs, dissolvable plugs, liner hangers, stage cementing tools, inflatables, float and casing equipment, and retrievable completion tools. In addition, it provides production services comprising maintenance-related intervention services; production blow out preventers; mechanical wireline services; slick line services; hydro-testing services; premium tubulars; and other specialized production tools. Further, the company provides intervention services consisting of technicians and equipment that are focused on providing customers engineered solutions to downhole complications. KLX Energy Services Holdings, Inc. was incorporated in 2018 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $5.75 to $6.03
• 50-Day Range: $4.24 to $6.33
• 52-Week Range: $4.18 to $12.13
• Volume: 95,116 shs
• Average Volume: 120,858 shs
• Market Capitalization: $100.82 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.50
• Consensus Rating: Buy

KLX Energy Services Stock Analysis - MarketRank™

KLX Energy Services scored higher than 8% of companies evaluated by MarketBeat, and ranked 257th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

KLX Energy Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

KLX Energy Services has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for KLX Energy Services are expected to grow in the coming year, from ($2.79) to ($2.13) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of KLX Energy Services is -2.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of KLX Energy Services is -2.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

KLX Energy Services has a P/B Ratio of 39.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.13% of the outstanding shares of KLX Energy Services have been sold short.

Short Interest Ratio / Days to Cover

KLX Energy Services has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in KLX Energy Services has recently decreased by 3.52%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

KLX Energy Services does not currently pay a dividend.

Dividend Growth

KLX Energy Services does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.13% of the outstanding shares of KLX Energy Services have been sold short.

Short Interest Ratio / Days to Cover

KLX Energy Services has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in KLX Energy Services has recently decreased by 3.52%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for KLX Energy Services this week, compared to 1 article on an average week.

Search Interest

2 people have searched for KLXE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

71 people have added KLX Energy Services to their MarketBeat watchlist in the last 30 days. This is an increase of 7,000% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, KLX Energy Services insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.40% of the stock of KLX Energy Services is held by insiders.

Percentage Held by Institutions

42.69% of the stock of KLX Energy Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KLXE Stock Analysis - Frequently Asked Questions

How have KLXE shares performed this year?

KLX Energy Services' stock was trading at $11.26 at the beginning of 2024. Since then, KLXE shares have decreased by 46.9% and is now trading at $5.98.
View the best growth stocks for 2024 here.

How were KLX Energy Services' earnings last quarter?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) announced its earnings results on Thursday, October, 31st. The company reported ($0.40) EPS for the quarter, beating analysts' consensus estimates of ($0.48) by $0.08. The company earned $188.90 million during the quarter, compared to the consensus estimate of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative trailing twelve-month return on equity of 244.12%.

When did KLX Energy Services' stock split?

KLX Energy Services shares reverse split on Tuesday, July 28th 2020. The 1-5 reverse split was announced on Monday, July 27th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, July 27th 2020. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Who are KLX Energy Services' major shareholders?

Top institutional shareholders of KLX Energy Services include Geode Capital Management LLC (0.95%), Clifford Capital Partners LLC (0.47%), PEAK6 Investments LLC (0.18%) and XTX Topco Ltd (0.16%). Insiders that own company stock include Christopher J Baker, Keefer Mcgovern Lehner, Max Bouthillette, Geoffrey C Stanford and Corbin J Robertson Jr.
View institutional ownership trends.

How do I buy shares of KLX Energy Services?

Shares of KLXE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of KLX Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that KLX Energy Services investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Moderna (MRNA), NVIDIA (NVDA) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NASDAQ:KLXE
• CUSIP: N/A
• CIK: 1738827
• Web: www.klxenergy.com
• Phone: (832) 844-1015
• Fax: N/A
• Employees: 1,919
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.50
• High Stock Price Target: $4.50
• Low Stock Price Target: $4.50
• Potential Upside/Downside: -24.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.96)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $19.20 million
• Net Margins: -6.45%
• Pretax Margin: -5.99%
• Return on Equity: -244.12%
• Return on Assets: -8.24%

Debt

• Debt-to-Equity Ratio: 105.76
• Current Ratio: 1.24
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $888.40 million
• Price / Sales: 0.11
• Cash Flow: $6.64 per share
• Price / Cash Flow: 0.90
• Book Value: $2.36 per share
• Price / Book: 2.53

Miscellaneous

• Outstanding Shares: 16,860,000
• Free Float: 16,118,000
• Market Cap: $100.82 million
• Optionable: Optionable
• Beta: 2.00